On the day of the debate, toymaker Mattel
(MAT) continued Big Bird’s rehabilitation
by climbing 5.04%. Its Barbie is clearly living large in her dreamhouse
and no wonder, with homebuilder confidence having just hit a six year high and property manager American Realty Investors
(ARL) gaining 13.33% to top the entire NYSE
(PRXI), whose Bodies
exhibit did so much to stimulate Chinese exports — of corpses, in its case
— jumped 18.14%. And Do You Know the Way to San Jose?
Probably not, if you’re using Apple‘s
(AAPL) crappy map app, but that stock still advanced 2.37% after announcing an iPad mini event next week in California’s third-largest city.
Hump Day of peak earnings week is upon us, with American Express
(AXP), Bank of America
(BAC), eBay Inc.
(EBAY), and PepsiCo
(PEP) among a multitude of big name companies reporting results.
(AMT): Shares are downgraded to Equal Weight from Overweight by Barclays.
(APOL): APOL gets lowered to Neutral from Buy at Bank of America-Merrill Lynch.
(CSCO): The company, a key Dow
(^DJI) component, gets cut to Hold from Buy at Cantor Fitzgerald, whose concerns include valuation issues and potential delays to the firm’s recovery. The target price is also cut, to $19.50 from $20.50.
(DBD): DBD is now Neutral from Buy at Compass Point amid a challenged domestic regional and community bank end market.
(EXLS): Shares are reduced to Neutral from Outperform at Robert W. Baird.
: Raymond James reduces Ryland
(RYL) to Market Perform from Outperform and takes Toll Brothers
(TOL) to Outperform from Strong Buy.
(IMAX): The stock is now Neutral from Positive at Susquehanna, whose target is $23.
International Business Machines
(IBM): The Dow (^DJI) member, sharply lower ahead of this morning’s opening bell, is moved to Neutral from Buy at Janney Capital and to Sell from Hold at Société Générale.
Packaging Corp. of America
(PKG): Shares get downgraded to Market Perform from Outperform at BMO Capital, whose price objective is $38.
(PNC): PNC is cut to Hold from Buy at Stifel Nicolaus to reflect net interest margin pressure among other concerns.
(RECN): Shares are now Neutral from Outperform at Macquarie, which cites its high exposure to end markets. The broker would instead put fresh money into Robert Half
(TXN): Longbow lowers the semiconductor stock to Underperform from Neutral following checks that indicates aggressive discounting. Its objective is $22.
(See also: Stock Upgrades: Citigroup Survives October Surprise
and New Stock Coverage: Nielsen Tops the Ratings
No positions in stocks mentioned.
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